Seaspan Corporation (SSW) Set to Announce Earnings on Monday
Seaspan Corporation (NYSE:SSW) is scheduled to be releasing its earnings data after the market closes on Monday, July 24th. Analysts expect Seaspan Corporation to post earnings of $0.16 per share for the quarter.
Seaspan Corporation (NYSE:SSW) last released its quarterly earnings data on Wednesday, April 26th. The shipping company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. Seaspan Corporation had a negative net margin of 12.29% and a positive return on equity of 8.08%. The firm had revenue of $201.30 million during the quarter, compared to analysts’ expectations of $204.09 million. During the same period in the previous year, the company earned $0.33 earnings per share. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. On average, analysts expect Seaspan Corporation to post $0.7 EPS for the current fiscal year and $1.1 EPS for the next fiscal year.
Seaspan Corporation (SSW) opened at 6.74 on Monday. The stock’s 50 day moving average is $5.85 and its 200 day moving average is $7.43. The stock’s market capitalization is $737.91 million. Seaspan Corporation has a 12-month low of $5.02 and a 12-month high of $15.45.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 20th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 7.42%. The ex-dividend date of this dividend is Tuesday, July 18th. Seaspan Corporation’s dividend payout ratio (DPR) is presently -32.26%.
A number of research firms recently commented on SSW. Stifel Nicolaus reiterated a “hold” rating and issued a $7.00 target price on shares of Seaspan Corporation in a research note on Friday. Zacks Investment Research cut shares of Seaspan Corporation from a “hold” rating to a “sell” rating in a research note on Saturday. BidaskClub upgraded shares of Seaspan Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Citigroup Inc. upgraded shares of Seaspan Corporation from a “sell” rating to a “neutral” rating and set a $7.00 target price for the company in a research note on Tuesday, May 2nd. Finally, Credit Suisse Group cut shares of Seaspan Corporation from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $7.00 to $6.00 in a research note on Monday, May 1st. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $6.94.
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Seaspan Corporation Company Profile
Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships.
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